Glenkens Community And Arts Trust Limited
Latest income
£857k
Latest spending
£695k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the group achieved a consolidated net funds surplus of £119,668 for the year ended 31 August 2025, driven by multi-year grant settlements and core funding. The trustees maintain unrestricted reserves of £505,624, which exceeds their stated policy target of £150,000, providing a buffer against short-term income drops. The auditors confirmed no material uncertainties exist regarding the entity's ability to continue as a going concern.
What the accounts disclose
Related-party transaction: The charity charged £131,152 to Galloway Community Transport SCIO for staff, self-employed drivers, and management services, with a year-end balance of £3,961 owed by the SCIO. These transactions were eliminated on consolidation.
“The charity has an operational arrangement with Galloway Community Transport SCIO to provide staff, self employed drivers and management services. During the year the charity charged £131,152 (2024 - £115,928) to the SCIO and at the year end date owed £3,961 (2024 - was owed £1,215), this balance and these transactions have been eliminated on consolidation in the Group accounts.” — page 44
Per FY2025 accounts as filed with OSCR.